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Tag Archives: Payments

New payment solutions putting legacy banking providers at risk

With the rise of new payment solutions such as Apple Card and Amazon Go, we are seeing a disintermediating (or de-coupling) or the traditional banking industry from the business of payments. With traditional financial institutions seemingly having issues in providing consumers with the payment solutions they really want (e.g. Chase …

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Facebook launching Facebook Pay payment system

Facebook has introduced Facebook Pay, a unified online payment system for Facebook, Instagram, Messenger and WhatsApp. Facebook Pay is designed to simplify transactions made through the sites while also ensuring that payment data is secured. The new payment service, which supports most payment cards and PayPal, will first be piloted …

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3 key payment trends for 2020

The payment industry continues to expand and evolve, with digital payment vehicles and transaction volumes growing across the globe. Experts anticipate that 2020 payment trends will push the development of payments even further. Here are 3 payment trends for 2020: Competition between closed and open payments platforms – there is …

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Ingenico’s 5 payment predictions for 2020

Ingenico, a global leader in seamless payments, have analyzed the disruptive trends likely to transform the payment industry in the future and come up with 5 predictions for payments in 2020: Social commerce and voice commerce – both are likely to become part and parcel of our everyday life, making …

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The impact of the cloud on B2B payments

Business-to-business (B2B) payments are expected to continue their advance and become any even more popular payment method in 2020, reaching USD 23.1 trillion in the U.S. alone. This boom in B2B payments is being largely driven by cloud technology, which facilitates payment digitization and improves the entire payment cycle. Perhaps …

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Gen Z pushing new payment technologies

People are gradually moving away from plastic cards, as evidence by the fact that more and more payment cards are being tokenized into mobile phones. With this trend especially popular among youth, financial institutions are working to cater to the newest adult generation, which demands faster, more convenient services…a Netflix …

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5 Important Mobile Wallet Trends You Need To Know

Over the last five years, mobile payments have grown, grown and grown some more. In 2017, wallet spending amounted to USD 1.35 trillion. In 2018, that figure rose to USD 4.3 trillion. By 2022, its expected to balloon to nearly USD 14 trillion. Despite this boom, there is still much …

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7 developments awaiting the Russian banking sector in 2020

Russia’s banking market has already proven itself to be very dynamic. But with changing regulations, new business models and new innovations coming to market, 2020 promises to be an interesting year for banking in Russia. Here are 7 trends expected to define banking in Russia this year: Ecosystems and super-apps …

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5 key takeaways from Money20/20

Money20/20 was held earlier this year in Las Vegas. Here are 5 key takeaways from the event: The distinguishing lines between merchants and FinTechs continue to blur –  Uber created a team called Uber Money that will be responsible for its various FinTech offerings. And now Amazon is enabling utilities …

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Ukrainian payment sector highlighted at Visa Cashless Forum

Earlier this year, Kiev played host to the 4th Visa Cashless Forum. In total, more than 300 participants gathered to discuss this year’s topic: “Driving the Future”. During the event, leading experts lead discussions surrounding trends and directions in the development of the payment sector in Ukraine. Some of the …

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Ongoing digitalization efforts in Kazakhstan

Consumers choose to use digital services for one main reason – it solves an issue. In Kazakhstan, however, the adoption of digital services has been somewhat lower than in other countries. While a part of this lower adoption rate may be due to the consumer base in the country, the …

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The state of FinTechs in Ukraine

FinTech is a booming industry in Ukraine, with more than 100 such companies operating in the country today (58% of which were founded in the last 3 years). Because of the relative youth of the sector in Ukraine, most are now either just starting sales (24%) or working to scale …

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Video: 2020 payment trends

Experts discuss the trends likely to influence the payments sphere in 2020. Terabank: SMS code instead of signature How artificial intelligence is changing fintech Video: turning data analytics into excellent customer experiences

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Video: Top FinTech trends for 2020

The advancement of technology has been a consistent driver of business development, and 2020 will be no different. Here’s a quick look at the top FinTech trends for the coming year. Bank efforts dominating Polish fintech scene Video: turning data analytics into excellent customer experiences How FinTech is uberizing banking

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Apple Card review

With Apple Inc. starting the rollout of its brand-new Apple Card and its availability expected to reach more than 40 countries by the end of the year, we wanted to take a moment to give you a brief overview of this new payment device.   What is it Apple Card …

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Video: the threat of payment apps to U.S. banks

U.S. banks are projected to lose as much as USD 43 billion in revenue if mobile payment apps become as popular in the U.S. as they are in China. This video examines how cheap and easy phone-based payments are threatening one of the banking industry’s most profitable businesses. The social …

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Amazon Pay launches Android P2P payments in India

Android users in India can now make instant peer-to-peer (P2P) payments via Amazon Pay through a government-backed unified payments interface (UPI) platform. The new service will also allow customers to make direct payments to local stores from their bank accounts or even to Amazon delivery associates on their doorsteps via …

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The race to digitize banking in the Asia-Pacific region

Competition in the Asia-Pacific region is intensifying between established financial institutions and the technology and e-commerce disruptors that threaten to carve up the payment solutions market. According to a report by Temenos, BigTech companies like Google, Facebook and Apple as well as major payment players like WeChat Pay, Alipay and …

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